By William Gullotti
Buffalo, N.Y., July 6 – GS Finance Corp. priced $1.05 million of 0% market-linked securities – autocallable with fixed percentage buffered downside due July 6, 2026 linked to the VanEck Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call premium of 13% if the ETF closes at or above the initial level on any annual call observation date.
If the securities are not called, payout at maturity will be par unless the ETF falls by more than 15%, in which case investors will be exposed to losses beyond the 15% buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – autocallable with fixed percentage buffered downside
|
| Underlying fund: | VanEck Semiconductor ETF
|
| Amount: | $1,053,000
|
| Maturity: | July 6, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless ETF falls by more than 15%, in which case lose 1% for every 1% decline beyond 15%
|
| Call: | Automatically at par plus 13% annualized call premium if the ETF closes at or above the initial level on any annual call observation date
|
| Initial level: | $206.31
|
| Buffer level: | 85% of initial level
|
| Pricing date: | June 29
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| Settlement date: | July 5
|
| Agents: | Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.825%
|
| Cusip: | 40057M6W4
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